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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 406
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Revolutionizing Appraisals: The Role of Blockchain Technology

Appraisal Buzz

For instance, if a property’s appraisal history, including renovations, damages, and previous sales, is stored on a blockchain, future appraisers can access this immutable record to make more informed decisions. From supply chain management to voting systems and healthcare, the applications are vast.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Kitchen and bath professionals are reporting 3.9-month

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

Entering the housing market today is challenging for many homeowners. In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. COVID-19 caused breakdowns in the supply chain and labor shortages. Try Upzoning.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The original home was constructed in 1920, according to county records, with renovations completed in 1982. The chill in the air may not be coming from an Arctic blast.